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. we'll see. >> thank you for being here, steve. thank you. hand out a pin to everyone you know. join us tomorrow. "squawk on the street" begins right now. >> markets waking up to the first full day of business after yesterday's holiday and the news flows back in full swing. good morning. welcome to "squawk on the street." i'm carl quintanilla along with melissa lee, jim cramer, david faber live at the new york stock exchange. futures in the red on cautious commentary from some retailers. management shake-up at microsoft and weak german business sentiment and this prolonged spat between the eu and imf over how to reduce greek debt. a beat and raise for the quarter for home depot. >> the man in charge of whippedos eat leaves microsoft just weeks after the product launches. >> jcpenney hits new lows. investors have to recognize that jcp is really two companies. we'll hear what he told becky, andrew and joe. >> lockup of all facebook shares tomorrow. >> first up, shares of home depot rising in free market pchlt home improvement retailer earned 75% a share in the quarter. that beat estima
? the answer is different groups will be affected very differently. steve liesman has more on the numbers. >> what we do know is if we go over the cliff, no change in what is mandated by those rules. everybody will pay more. we've divided up the country into quintiles, one-fifth, one-fifth, one-fifth. here's what happens with the cliff. for the lowest they go up by 3.7%, second 4.1%. if you're in the middle, where most people are, up 3.8% all the way to the top, 5.8%. what about the top 1%? their numbers go up by 7.2%. here's a way to think about it. this is what thelma and louise would pay extra if they went over the cliff. here's what mr. thurston howell would pay if they went over the cliff. let's take a look at the actual dollar values beyond percentage points. we know we have health care law taking effect and that will only affect the top fifth. here's your dollar values for the income bracket ets is. add on the amt, when they expire, get rid of the bush tax cuts. for the wealthy, a big chunk. it goes down to the second quintile. we get rid of some payroll tax cuts. down the line f y
advice. call or visit us online. we're ready to help. >>> steve jobs stood for thermal nuclear war to protect its company. but as apple settles, is it a new stance under tim cook? tony joins us to talk about it. >> good morning. >> are we getting less lit ijous and what does that mean? >> tim cook said he would favor to settle rather than battle in courts going forward assuming they could find conditions for settlement that were appropriate. it's important to remember that htc is a relatively small player in the larger smartphone market and accordingly in the patent wars. i think what we saw here were apple saying we got to concentrate where our firepower is going to be. htc is offering a settlement that seems reasonable and it doesn't make sense for us to continue to divert our energies in doing so. i think that's why we have the settlement with htc. >> this just allows them more energy with which to step on the gas when it comes to samsung? >> well, i think you could certainly view it that way. i also think you could view it as when conditions are in place that apple feels are ac
Search Results 0 to 2 of about 3